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Founded in 1951, the National Foundation for Credit Counseling is the largest serving nonprofit financial counseling organization. Find various topics in this blog, including personal finance, credit counseling, housing, budgeting and student loan help. Click here to speak with an NFCC-certified Consumer Credit Counselor.

Tag Archives: Financial Literacy

The NFCC Congratulates NerdWallet for their Recent Award

 By Tara Carter Congratulations to our friends at NerdWallet for their Honorable Mention in the Most Innovative Non-Bank Financial Services Organization category at the 2016 BAI Global Banking Innovation Awards! Those nominated for this award are non-bank financial service organizations that provide financial products or services directly to consumers.[i] NerdWallet stood out among many others with their free online Checking Account Tool that evaluates 14 inputs from users against more than …Read More

5 Myths About Credit Counseling

 By Steve Nitz NFCC member agencies provide financial education to millions of consumers each year. These appointments can be either in person, over the phone or online. However, there’s a good amount of the country’s population that’s afraid to schedule a counseling appointment due to a number of misconceptions. Here are five myths about credit counseling, debunked: I. Credit counseling will hurt your credit score Possibly the biggest misconception when …Read More

5 Tips for Improving Your Financial Literacy

By Jessica Kane Americans are struggling with financial literacy. The FINRA Investor Education Foundation, which completes national studies on financial capability, reports that current financial education is not enough to make us money smart. According to their reports, Millennials and young adults were the groups with the most to learn about financial matters. Lack of financial literacy can spell trouble, often resulting in bad money decisions, lack of savings, and …Read More

TD and NFCC Renew Partnership to Provide Financial Education Seminars

By Drew Kessler TD Bank, America’s Most Convenient Bank®, recently announced continued partnership with the NFCC to sponsor 110 adult financial education seminars for approximately 2,000 people in Boston, Florida, New York City, Metro Washington D.C., Philadelphia, North Carolina and South Carolina. NFCC member agencies will host the seminars, scheduled through Dec. 31, 2015, with a focus on budgeting and basic financial management skills, understanding credit reports and scores, and …Read More

Majority in Survey Ignore Credit Reports, Scores

By Cliff Goldstein If you haven’t checked your credit reports or credit scores in the past 12 months, you’re in the same boat as most people, according to the National Foundation for Credit Counseling’s 2015 Financial Literacy Survey, sponsored by NerdWallet. In the study, which included more than 2,000 U.S. adults, two-thirds of respondents said they hadn’t ordered copies of their credit reports in the past 12 months. That includes 69% of women …Read More

Americans Not Paying Bills on Time — and Why That’s Bad

By Erin El Issa Paying your bills on time can save you money. You’ll avoid late payment fees and penalty interest rates, and also maintain or build good credit, which can help you get approved for favorable loan terms. Yet, many Americans — especially those in their 20s and early 30s — struggle to get their bills paid on time, according to a recent study by the National Foundation for Credit Counseling. Here’s …Read More

Credit Counselor Nitzsche: Once Helped, Now He Helps

By Cliff Goldstein Like a lot of young adults, Thomas Nitzsche was able to get approved for several credits cards with high spending limits when he was in his early 20s. And like a lot of people, Nitzsche soon found himself buried under a mountain of debt. “I always maintained good credit, but I was facing about $10,000 in combined debt,” Nitzsche says of that stressful period a decade ago. …Read More

Providing Financial Literacy to the Unbanked

By Jason Alderman In today’s world of Internet banking, smartphone shopping apps, and web-based access to investment accounts, it’s easy to forget that billions of people around the world – including many millions in our own country – lag far behind when it comes to accessing even the most rudimentary financial management tools. Indeed, according to the World Bank’s Global Findex Database: Approximately 2.5 billion adults worldwide don’t have a …Read More

Using Comic Books to Teach Financial Literacy

By Jason Alderman For decades, millions of kids have faithfully followed the adventures of their favorite comic book superheroes like Spider-Man and the X-Men – sometimes well into adulthood. Although often considered pure escapism, comic books also can serve an educational role – whether it’s teaching the principles of science, demonstrating right vs. wrong, or even helping kids learn how to read. Personal financial management is one of those important, …Read More

Teaching Your Children The Value Of Money

The NFCC’s 2011 Financial Literacy Survey found that 42% of adults garnered most of their personal finance knowledge from their parents. Only about 1 in 10 adults learned about this subject at school or from a financial professional.  It is now more important than ever to make sure your children understand the basic concepts of financial awareness. The following steps can help arm children with smart financial skills that can …Read More